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Hey when it hits a 1.00 you and I will be rich - we should go into SF an celebrate at the best restaurant.
I was expecting 80-90M unbelievable
Hey I am living in Pt. Richmond. I lived in Indianapolis for 22yrs before moving out here for personal reasons. I know Hoosiers and they are probably the most honest people. This is one of the reasons I am betting the farm on Jared.
ISO 9000 is similar to the automotive plant & engineering certification. I had to do them for the auto suppliers - QS-9000 back a few yrs ago. It is a racket - 250k to get started and them annual audits - cost another 30-50k. Jared is smart to go to Asia to bypass all of those cost. To go to the NASD is expensive too. Usually have to get a SEC lawyer to get SEC approval then you go to the exchange with a MM to represent you according to what I know. I think Jared is going to spend this money buying back shares first then the stk will be at a very high price and then all of these things will cost less.
An ISO certification cost around 250k
What part of CA do you live in?
I believe the cost to audit the books is around 100k. Can buy back a lot of shares with 100k
Its one of those organization in CA that is into saving the world. I live out here and I have tried to take to them. Very difficult.
I only have two questions from the earnings
1. why is there a big dip from 3rd qtr sales to 4th qtr sales
2. verifiable - want does Jared mean by this - by an accounting firm or just the company
No earnings news on Yahoo. Looks like Jared is going to put out a one PR with the earnings & forecast before the open house. Smart move - does not want to apper like a pinkie putting out many PRs. I hope that is what he does.
In a yr the 5k of stk will pay for many.
I am just trying to understand why there is such a large drop in the 4th qtr for sales compared to the 3rd qtr. Was it they produced a head for the 4th qtr when equipment was being put in. Ususally the most current qtr's sales are higher than the previous qtr.
I missed the 4th qtr sales. Question is why are the sales so low for 4th qtr?
Well a pe of 40 is now not out of the question
Net profit @ 40% he was off on revenue - stated 9M under 8M
Jared was off here.
Your right that is how the game is played i forgot
I hope you are right. Just one things bothers me about the co. why could they not release a date for the earnings release. I believe this is the one thing that is hurting makes it feel a little like a pinkie.
It will be a real balancing act for Jared.
I hope your right so what is your guess for 09 margins??
I hope you are right but until we see numbers we have no way of knowing if this can be priced as a high tech bio company or a std staple company.
Remember it is a pinkie and most management in pinkies hype and lie to move the stock and sell when it runs and let the bagholder be the suckers. I am not saying this is like other pinkies but most new investors will think this until otherwise and the numbers if verifiable will change that and then we get new investors.
It does look like we have gotten rid of the momemtum players and a lot of the flippers. Now it looks like the true investors will come in if the numbers are good.
Based on a 6% net profit for 09 sales of 30-40M the stock price now is fairly valuved at .02 with a 10 PE. Run the numbers like I have. The question is will the market give it higher PE. This depends on the numbers, margins and forecast.
The growth rate is also key. See my other posts factoring in the additional Wowgreen numbers - just guesses because we have no info on these numbers. Then a .17-25 share price is reasonable. This is the uncertainity now. So people are sitting on the side lines.
I mean the stock is done running if the numbers are not better than what he has been saying. It is a good company but the run for a while will be over.
Is all about the numbers and Jared' credibility. His statements have to reflect the numbers. Actually they have to be better than his statements if not the stock is done.
Gladou gotsome Zs. It looks like we are i a holding pattern until the ernings. I hope they realize them after the bell and before the conference call.
Ask him if they are looking for an analyst to follow the company. I left a message asking that question.
I am in a similar situation and would like to talk to off line for some support.
Mike
I agree with you that most pinkies are flipped and they do it to bag holders but if Jared is not lying to us and they are making money this is an exception. I just hope they release the numbers before the open house so if new money is interested they will go to the open house. Most investment houses cannot invest in pinkies but they can suggest to some of there wealthy clients we think we have a real exception here and it might be worth dropping some money in it. I hope this is the kind of new money we can get. I know Biomet was a winning in IN for the investors that got in early. It was not that far from EESO.
I agree with you. I think a real fair pe would be the growth rate which could easily be 50-100. If the earnings are growing close to the sales 9m to 40m in 09 without the WoWgreen numbers thats 300% increase in revenues so a 100 PE is not out of the question and $1 is not crazy. Jared has to come through with the numbers and the earnings have to be good too.
I am just working backwards from the production numbers of 80,000 gallons a week to get earnings. I split the 80,000 in half - one half for the industrial business which I assume that it probably has some of this business in it. The other half for the WowGreen - retail. I have come pretty close to the other guys analysis that work the numbers going forward on sales and forecasting. We are both very close on our numbers. If jared gets the numbers out for the 08 we can see real quickly if we are low on the margins. If so then I think we could up our numbers. I think I am conservative on my numbers too.
I got the 20% from another posting. The guy seemed to know more than me about MLMs. I live to work forecast both ways going forward and backwards - reengineeing from the materials and production. I am not sure but i am getting numbers similar to the other guys postings and I was not trying to do that.
Explain the Star Tower deal? Is that the Korean deal?
Great posting.
The industrial numbers come out very close to mine when I do a 6% net profit on 40M. I come up with around a .017 stock price with a 10 PE. So I believe a fair stk price on the industrial portion no WoWGreen is in the .017-.025.
The WOWGReen is harder to figure so I tried to figure it backwards from their production capacity. They state that they can produce 80,000 gallons of finished product a week with the new equipment so below are my calculations:
(80,000 gal X 128 ounces/gallon) = 10,240,000 ounces/wk
assume half is for industrial & other half for WoWGreen
So we have 5,120,000 ounces per wk for WoWGreen
assume 32 oz per bottle of cleaner
5,120,000 oz/4oz per bottle = 1,280,000bottles/wk for WowGreen
Per month equals 5,120,000 bottles
Assume sells for 2.90 to customer & EESO get 20%
5,120,000 X 2.90 X .20 = $2,969,600 profit from WowGreen
Per yr = $35,635,200 for WowGreen
Share for yr 40m + 35m = 75m for 09
Per share earnings for WowGreen = .0211 Stock price with 10 PE = .21 Stk price
Combining industrial Stk price .0177 + Stk Wowgreen .21 =.227
So .227 is a fair price for the stock of 09. If a higher PE is put on the Stk the price could easily be between .25 -.50
Please comment on my assumptions and calculationss. I do not understand MLMs well enough to make calculations from the distributors so I worked it backwards from production
I hope you are right. Question is will the buy back be used to have 0 earnings?? and will they price the stock on the earnings before the buyback numbers or after the buyback numbers.
you right they need new money - the momentum players played it to .05 and are out now.
my understanding you go to the sec to get qualified first and then with the sec approval you go to the exchange and then they have their requirements and questions to answer. you can spend a lot of time and money doing this. the sec part usually requires sec lawyers. i just want audited numbers. i think jared knows how much time and money this cost. the money could be better used else where
real co. put out an exact date and time
again - if they have the numbers they can state an exact date for the earnings- real companies state a date. too much looking like a pinkie and jared needs to play the game like a real co. and have a date.
I hope your right but the why the stock is acting and they why jared is talking without numbers he and the stock are acting like pinkies - when investors smell the same hype without numbers they sell. I just hope I am wrong so I make money on this one. The only thing that keeps me is this is an IN company and hoosiers are usually pretty honest. it just looks like anyother pinkie just talk no numbers.